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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-12.75%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WP
101
DELISTED
Worldpay, Inc.
WP
$24.6M 0.22%
322,500
+290,250
+900% +$25.2M
LIN icon
102
Linde
LIN
$226B
$24.4M 0.22%
+156,645
New +$24.8M
BMY icon
103
Bristol-Myers Squibb
BMY
$132B
$24.3M 0.22%
467,317
-285,600
-38% -$15.3M
CVS icon
104
CVS Health
CVS
$122B
$24.3M 0.22%
370,267
-1,067,073
-74% -$79.7M
NEE icon
105
NextEra Energy
NEE
$177B
$23.8M 0.21%
547,492
-14,800
-3% -$647K
TSS
106
DELISTED
Total System Services, Inc.
TSS
$23.5M 0.21%
288,753
+214,630
+290% +$19M
ALXN
107
DELISTED
Alexion Pharmaceuticals
ALXN
$23.4M 0.21%
239,878
-126,500
-35% -$15M
NVDA icon
108
NVIDIA
NVDA
$5.42T
$23.3M 0.21%
6,983,680
-264,000
-4% -$1.26M
BBY icon
109
Best Buy
BBY
$17.3B
$23.2M 0.21%
437,304
+364,900
+504% +$23.8M
CAH icon
110
Cardinal Health
CAH
$55.4B
$22.9M 0.21%
513,715
+421,700
+458% +$22M
SBUX icon
111
Starbucks
SBUX
$120B
$22.9M 0.21%
355,160
-46,800
-12% -$2.93M
EFC
112
Ellington Financial
EFC
$1.71B
$22.4M 0.2%
1,462,778
-40,000
-3% -$624K
RCL icon
113
Royal Caribbean
RCL
$85.6B
$22.4M 0.2%
228,672
-208,400
-48% -$22.8M
VRTX icon
114
Vertex Pharmaceuticals
VRTX
$126B
$22.1M 0.2%
133,168
+57,000
+75% +$9.88M
SSYS icon
115
Stratasys
SSYS
$774M
$22.1M 0.2%
1,224,603
– –
UPS icon
116
United Parcel Service
UPS
$88.9B
$21.6M 0.19%
221,786
-7,500
-3% -$813K
CAT icon
117
Caterpillar
CAT
$387B
$21.5M 0.19%
168,966
-8,100
-5% -$1.05M
LOW icon
118
Lowe's Companies
LOW
$125B
$21.2M 0.19%
229,875
-11,800
-5% -$1.14M
CI icon
119
Cigna
CI
$74.6B
$20.7M 0.19%
108,970
+36,442
+50% +$7.6M
COP icon
120
ConocoPhillips
COP
$141B
$20.5M 0.18%
329,555
-16,700
-5% -$1.14M
DUK icon
121
Duke Energy
DUK
$97.3B
$20.1M 0.18%
233,384
-8,200
-3% -$698K
AMT icon
122
American Tower
AMT
$80.4B
$20M 0.18%
126,126
-5,200
-4% -$813K
QCOM icon
123
Qualcomm
QCOM
$176B
$19.8M 0.18%
347,071
-72,000
-17% -$4.37M
DG icon
124
Dollar General
DG
$27.9B
$19.7M 0.18%
182,442
-164,700
-47% -$17.8M
GE icon
125
GE Aerospace
GE
$384B
$19.6M 0.18%
540,134
-20,741
-4% -$936K
3 4
5
6 7

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q4 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.